World Perspectives
feed-grains soy-oilseeds wheat

Supply and Demand

Four years of big crops in the U.S. and the world have brought some economic pain for farmers in the form of prices that, in many cases, are below the cost of production. Low prices are serving to stimulate demand, though, and they will ultimately be self-curing.With USDA’s pending 12 September release of the monthly WASDE, futures trading this week will no doubt be dominated by expectations of its fresh yield and production estimates for U.S. corn and soybeans. The discussions over the size of this year’s presumably record crops will continue until at least November. By that time, it is assumed that harvests will be far enough along to make the market comfortable with its yield and production assumptions. The September WASDE is a just a st...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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